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Father buying new car with his son; image used for HSBC personal loan page.

Personal Loan

Apply for a personal loan at HSBC with interest rate starting from 10.50%.

Why choose an HSBC personal loan?

When expenses arise, like your daughter's marriage, furnishing your home, higher education for your children or a family holiday you can turn to Personal Loan from HSBC.


An HSBC personal loan can support with a Home renovation or other home related expenses, marriage expenses, travel expenses, transferring an existing loan from another bank, purchasing consumer durables or equipment, and any other personal needs and contingencies

 

Key Features:

  • Personal Loans with flexible tenure of up to 5 years (i.e. tenure from a minimum of 6 months onwards with additional block of 6 months. You can choose a tenure ranging from 6, 12 , 18, 24, 30, 36, 42, 48, 54 or 60 months).
  • Easy monthly repayment through Equated Monthly Installments (EMI) or through Electronic Clearing System (ECS) or by setting up a Standing Instruction (SI) on HSBC bank account
  • Transfer of an existing personal loan from another bank in India
  • No requirement of collateral/guarantor
  • Easy documentation, quick processing and disbursal
HSBC customers can avail personal loans in the cities of Ahmedabad, Bengaluru, Chandigarh, Chennai, Cochin, Coimbatore, Hyderabad, Jaipur, Kolkata, Mumbai, New Delhi, Pune and Vizag (only employees of HSBC Vizag)

Interest Rates

Ranges from
10.50% p.a. to
Other rates and charges apply. Please review the rates and charges table below.
17.84% p.a.

Rates and charges

Rates and charges for HSBC Personal Loan
Type Charge
Current interest rate ranges
from 10.50% p.a. to 17.84% p.a.
Processing fee
Up to 1% of the disbursed loan amount. Processing fee paid/deducted is non refundable
Full/partial prepayment charges1
Up to 3.75% of the principal outstanding
Cheque Return charge
NIL
Cheque Swap charges
NIL
Penal Interest (for delay in payment of EMI) 2% over and above the applicable rate of interest on the delayed instalment/s
Rates and charges for HSBC Personal Loan
Type Current interest rate ranges
Charge from 10.50% p.a. to 17.84% p.a.
Type Processing fee
Charge Up to 1% of the disbursed loan amount. Processing fee paid/deducted is non refundable
Type Full/partial prepayment charges1
Charge Up to 3.75% of the principal outstanding
Type Cheque Return charge
Charge NIL
Type Cheque Swap charges
Charge NIL
Type Penal Interest (for delay in payment of EMI)
Charge 2% over and above the applicable rate of interest on the delayed instalment/s

1Only after completion of lock-in period as per the terms detailed in the Personal Loan agreement.

Rates and charges for HSBC Personal Line of Credit2
Type Charge
Annual maintenance charges NIL
Processing fee NIL
Late payment charges INR300 + applicable GST
Minimum payment due 5% of the total payment due
Overlimit charges NIL
Penal interest 2% over and above the applicable rate of interest on the delayed payments
Rates and charges for HSBC Personal Line of Credit2
Type Annual maintenance charges
Charge NIL
Type Processing fee
Charge NIL
Type Late payment charges
Charge INR300 + applicable GST
Type Minimum payment due
Charge 5% of the total payment due
Type Overlimit charges
Charge NIL
Type Penal interest
Charge 2% over and above the applicable rate of interest on the delayed payments

2Personal Line of Credit (PLOC) is currently available only to employees of select Corporates (under the Corporate Employee Programme), post opening of a salary account with HSBC. Sanction of PLOC facility is at the sole discretion of HSBC.

Interest Rates for Q2 2020

Annual Percentage Rate (APR) for Personal Loans ranges between 10.5% to 12.41% for all loans at a maximum tenor of 60 months.

Interest Range for Q2 2020 for different categories of customers: 10.5% to 12.05% p.a.

Mean (Average) interest rate in Q2 2020 was 11.19% p.a.

Apply for a Personal Loan

HSBC Customers

Please log on to your account via Personal Internet Banking for the quickest and easiest way to apply.

New to HSBC

Personal Loan application form Loan application will disposed of and acceptance/rejection will be communicated within 15 days from the date of receipt of completed application with supporting documentation.

Apply for Personal Loan through the 'HSBC India' app

Frequently asked questions

Useful Links

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Raise funds against your residential property, and save on interest.

Important Information

Terms & Conditions

The maximum loan amount that can be availed of under this offer is INR1,500,000. Select customers may be eligible for loans upto INR3,000,000 based on internal credit policy of HSBC. The loan amount may vary subject to conditions and other internal credit policy of HSBC.

EMI date will be the 5th or 15th of every month, depending on the loan disbursal date.

For HSBC personal loans disbursed between 1st and 15th of the calendar month, the EMI date will be 5th of next calendar month.

For HSBC personal loans disbursed between 16th and 31st of the calendar month, the EMI date will be 15th of next calendar month.

Please note that basis Goods and Services Tax (GST) regulations and notified GST rates, Central GST and State/Union Territory GST, Cess or Inter-State GST, as applicable, would apply on our fees and charges.

Fees and charges are subject to change at the sole discretion of the Bank and will be intimated to customer at least a month prior to the same being applicable.

Sanction of Loan is at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC).

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